Every day we establish paths toward a greener Africa Absa | Corporate and Investment Banking > Insights and Events > Every day we establish paths toward a greener Africa SHARE Another chapter of plugging Africa’s grid to sustainable energy and enabling our client to set new standards for the provision of clean electricity. Beyond environmental benefits, the projects will enable Puma Energy to create employment for local communities. We’re honoured to have partnered with Puma Energy, a prominent global player in the energy sector, in a deal to enhance the availability of reliable, clean, and affordable power for customers in Africa. In response to this deal, Puma Energy has established a Renewable and Lower Carbon Energy Division. This division's mission is to assist Puma Energy’s customers in their energy transition journey. This will reduce greenhouse gas emissions and set a standard on how houses, schools, hospitals, and businesses can run on clean electricity. Beyond environmental benefits, the projects will create employment for local communities. As the Participating Lender and Facility Agent, we look forward to supporting Puma Energy’s ongoing commitment to propelling their customers’ drive towards a sustainable and prosperous future. This is in line with Absa’s commitment to a Just Energy Transition and showcases our capabilities in this sector that is so critical to our future. We look forward to forging more of these types of partnerships to usher in chapters of a sustainable world. We’re invested in your story, and we invite you to write it with us. Contact Dean Hack for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Powering progress for a cleaner energy future We are proud to partner with Mulilo and Air Products South Africa on a transformative 75MWAC solar PV power plant in the Northern Cape. The Ukuqala Project marks a significant step in advancing South Africa’s renewable energy transition and securing a low-carbon future. Read more DEALS Driving purposeful partnerships to advance retail growth in Africa At Absa CIB, we’re committed to building partnerships that create lasting value for both businesses and communities. Our collaboration with Garden City Mall in Nairobi, Kenya, highlights this commitment as we help drive sustainable growth and economic opportunity in one of East Africa’s largest retail developments through a USD 37,3 million commercial property financing transaction. Read more DEALS Driving a greener energy value chain We are pleased to share that Absa has successfully acted as Co-Mandated Lead Arranger, Facility Agent and Hedge Provider alongside Nedbank for Pele Green Energy’s Sonvanger 100MW solar PV power project. This R2.2 billion project is a landmark transaction for Pele Green Energy, positioning them as a leading developer in South Africa’s renewable energy sector. Read more
